Why is the total number of Bitcoins set to 21 million? I'm curious about the reason behind this specific limit.
5 answers
OpalSolitude
Fri Dec 20 2024
One popular theory suggests that the number 21 million in Bitcoin's supply was chosen by Nakamoto for a specific reason.
Claudio
Fri Dec 20 2024
According to this theory, Nakamoto was aiming to reference the M1 money supply, which was approximately 21 trillion at the time Bitcoin's fundamentals were being established.
Luca
Fri Dec 20 2024
The M1 money supply represents the most liquid form of currency in an economy, including cash and checking account balances.
Giulia
Fri Dec 20 2024
By selecting the number 21 million, Nakamoto may have intended to create a finite supply of Bitcoin that was roughly equivalent to a fraction of the existing M1 money supply.
SakuraBlooming
Thu Dec 19 2024
BTCC is a leading
cryptocurrency exchange that offers a range of services to its users.